11 Broadway, Kingston, NY 12401 (MLS# 20155170)
$1,950,000
Kingston, NY 12401
MLS# 20155170
Status: Closed
26367 sqft
1 / 29
Property Description
The Mansion House located on the Kingston waterfront offers two amazing first floor restaurant spaces and 17 apartments. Once a 100-room mansion built in 1854 by real estate developer George F VonBeck was long considered a luxury hotel. The building offers Italianate style nestled on the near banks of the Rondout Creek. The well kept property boasts two thriving restaurants, one owner occupied and one rented to an excellent long term tenant. All apartments are in very good condition, some are two floor with spiral staircases. The building is fully sprinklered and also offers multiple stairways and an elevator. The thriving Kingston waterfront continues to grow and expand, multiple eateries, galleries, shops and tour boats grace the area. Strong rent roll and tremendous growth possibilities. Call for financials.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Mansion House LLC
Owner Phone: CALL LR
Current Price: $1,950,000
Original List Price: 2200000
Sold Price: $1,950,000
Status: Closed
Listing Contract Date: 2015-10-28
Property Sub Type: Mixed Use
Location, Tax, and Legal
General Tax: 20518
School Tax: 28045
Tax Assessed Value: 892000
Tax Legal Description: 27,5,11 Broadway
Tax Lot: 27
Tax Block: 5
Zoning Description: RT
Directions: Take Broadway South to the Rondout District. Building on your Right Hand Side at the Bottom of the Hill.
General Property Information
Business Name: Savonna's and Mint
Number Of Units Total: 19
Lot Size Acres: 0.2
Lot Size Dimensions: 78x115
Accessibility Features YN: Yes
Sign On Property YN: Yes
List Price/SqFt: 83.44
Sold Price/SqFt: 73.96
Living Area: 26367
Remarks and Miscellaneous
Public Remarks: The Mansion House located on the Kingston waterfront offers two amazing first floor restaurant spaces and 17 apartments. Once a 100-room mansion built in 1854 by real estate developer George F VonBeck was long considered a luxury hotel. The building offers Italianate style nestled on the near banks of the Rondout Creek. The well kept property boasts two thriving restaurants, one owner occupied and one rented to an excellent long term tenant. All apartments are in very good condition, some are two floor with spiral staircases. The building is fully sprinklered and also offers multiple stairways and an elevator. The thriving Kingston waterfront continues to grow and expand, multiple eateries, galleries, shops and tour boats grace the area. Strong rent roll and tremendous growth possibilities. Call for financials.
Status Change Information
Status Change Timestamp: 2016-03-10
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2016-03-10T19:26:41Z
Major Change Type: Status Change
Purchase Contract Date: 2016-01-15
Close Date: 2016-03-10
Close Price: 1950000
Appliances
Electric Water Heater: 1
Water Heater: 1
Book Information
Liber/Book: 4284
Page: 45
Section: 56.43
Construction Materials
Brick: 1
Frame: 1
Stone: 1
Cooling
Central Air: 1
Electric
200+ Amp Service: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Foundation Details
Slab: 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Natural Gas: 1
Listing Terms
Lease Option: 1
Lot Features
City Lot: 1
Corner Lot: 1
Landscaped: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Income and Expenses
Cap Rate: 7
Electric Expense: 2880
Gross Income: 20287
Gross Scheduled Income: 231444
Insurance Expense: 14450
Net Operating Income: 143867
New Taxes Expense: 48563
Other Expense: 11001
Supplies Expense: 6943
Total Annual Expenses: 87577
Water Expense: 3740
Building Features
Elevator(s): 1
Kitchen Facilities: 1
Window Display: 1
Business Type
Bar/Tavern/Lounge: 1
Residential: 1
Showing Requirements
Appointment Only: 1
Sale Includes
Building: 1
Land: 1
Showing Information
Showing Instructions: See agent remarks
Historical Information
UC Public Historical Remarks: Age: 61-100, Lease Type: Month To Month,One Year,Two Or More
Location Tax and Legal
Street Number: 11
Street Name: Broadway
State: NY
Zip Code: 12401
Town (Taxable): Kingston,City
Property Features
Appliances: Electric Water Heater; Water Heater
Building Features: Elevator(s); Kitchen Facilities
Business Type: Bar/Tavern/Lounge; Residential
Construction Materials: Brick; Frame; Stone
Cooling: Central Air
Electric: 200+ Amp Service
Flooring: Carpet; Ceramic Tile
Foundation Details: Slab
Heating: Baseboard; Electric; Hot Water; Natural Gas
Listing Terms: Lease Option
Lot Features: City Lot; Corner Lot; Landscaped
Road Frontage Type: City Street
Road Surface Type: Paved
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Sale Includes: Building; Land
Listing Courtesy of Win Morrison Realty-K
Listing Agent: Gregory Berardi